Why do Americans care what the UK pays for gas, then ##### about how much Exxon makes?
Care? I don't really care, I like to be informed about what is causing high prices. Understanding this a global issue might help people realize this isn't a political one here domestically.
Direct Headline:
Gas prices on the rise again after OPEC+ cuts oil production
By Kate Gibson October 6, 2022
After falling from July through mid-September, gas prices are once again headed higher, most recently bolstered by a decision by the OPEC+ alliance of oil-exporting nations to cut production of crude....The Saudi-led cartel on Wednesday agreed to reduce output by 2 million barrels a day, making its first big cut in more than two years in an effort to buttress sagging oil prices. The decision conflicts with attempts by the U.S. and Europe to curtail revenue that Russia gets from its sale of crude....
That's down from a June peak of $5.02, but up 7 cents since Monday, according to the travel club. "High gasoline demand, amid tight supply, has led to higher pump prices nationwide," AAA said Thursday in a news release. Demand for gas increased nationally to 9.47 million barrels a day last week, up from 8.83 million the week before, it noted, citing new data from the Energy Information Administration.....
"[A] policy response by the Biden administration is likely forthcoming," Natasha Kaneva and Prateek Kedia, commodity analysts at J.P. Morgan Securities, wrote in emailed research.The reply will most likely entail accelerating deliveries from the Strategic Petroleum Reserve, the nation's emergency stockpile of petroleum, the analysts said. A spike in fuel prices before the November 8 midterm elections could have the White House pondering other moves as well, they added.
https://www.cbsnews.com/news/gas-prices-opec-aaa/
******
Citing this as mostly a "global issue" to deflect from Biden's failures in energy is being intellectually dishonest. The United States leads the way in the world economy and it's decisions and failures have a ripple effect on the entire global financial system.
The activist complicit left leaning MSM wants to keep shouting "Trump" at every problem. It's been close to 2 years since he's been out of office. A large cross section of America are tired of hearing about Trump. There is a 'saturation point' when it comes to shock marketing and trying to farm outrage in the national daily media cycle.
The calculus here is not mind bending. Does Saudi Arabia and it's high level political apparatus want Biden or Democrats to be in power? No, not a chance. Team Blue wants to kill the fossil fuel industry. Why would SA support that?
The logical fallacy bombing comes when zealots say it's solely to benefit Republicans simply to line up the worst parts of SA's actions with the GOP.
Saudi Arabia will pick whatever side is going to put them in the best overall position. Right now, it's ideal to be as far away from Team Blue as possible.
Enjeti is still right. You have an extremely slow and smug response, particularly from Gavin Newsom begging for votes and trying to buy them wholesale with his "gas rebates" This is tone deaf and punitive to the working class.
The lack of "proactive" long term planning and deployment by Team Blue and Biden is alarming. He's creating multiple national security threats that are wholly self inflicted.